Columbus McKinnon Corp reported results for the 2026 quarter with net sales rising sharply year over year while the company recorded a sizable net loss and negative earnings per share, driven in part by acquisition-related activity and increased investment.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$531.46M$235.92M125.3% | Net income²($88.73M)($1.9M)(4574.9%) | Diluted EPS³($2.05)($0.07)(2828.6%) |
¹ Reported as “Net sales”. ² Reported as “Net income (loss) attributable to the Company”. ³ Reported as “Diluted income (loss) per share”.
Business Highlights
- Net sales growth of 125% was driven primarily by the acquisition of Kito Crosby and higher organic volumes.
- Recent acquisitions, including Kito Crosby and earlier Montratec/Dorner/Garvey deals, broadened the company's lifting, securement, conveyor and automation product offerings.
- Management is pursuing a market-led, customer-centric CMBS business system to improve margins through innovation and service.
- Operational priorities include reducing lead times, improving on-time delivery, lowering warranty costs and raising material and factory productivity.
- R&D spending increased and fiscal-year capital expenditure is planned at $50–$60M to support new products, automation and productivity enhancements.
Original SEC Filing:
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